The Manufacturers Life Insurance Company Has $311.34 Million Holdings in Netflix, Inc. $NFLX

Key Points

• The Manufacturers Life Insurance Company has increased its holdings in Netflix, Inc. to $311.34 million, owning 333,870 shares after acquiring an additional 13,732 shares.
• Insiders at Netflix have recently sold significant shares, including Director Jay C. Hoag, who sold 31,750 shares, and Reed Hastings, who sold 26,933 shares, significantly reducing their ownership stakes.
• Netflix reported quarterly earnings of $7.19 EPS, exceeding expectations, and forecasted an EPS of 24.58 for the current fiscal year, reflecting solid revenue growth.

The Manufacturers Life Insurance Company boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 333,870 shares of the Internet television network's stock after acquiring an additional 13,732 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Netflix worth $311,344,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after buying an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after purchasing an additional 304,399 shares during the period. GAMMA Investing LLC raised its position in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after buying an additional 356,617 shares during the period. Finally, Wellington Management Group LLP grew its position in Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock worth $4,089,765,000 after buying an additional 148,675 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director directly owned 63,040 shares of the company's stock, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 26,933 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the sale, the director owned 394 shares of the company's stock, valued at $477,394.04. The trade was a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,163 shares of company stock worth $151,917,174. Insiders own 1.37% of the company's stock.

Netflix Stock Up 0.6%

Shares of NASDAQ:NFLX opened at $1,231.45 on Friday. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The company's 50-day moving average price is $1,231.58 and its two-hundred day moving average price is $1,116.03. The firm has a market cap of $523.28 billion, a P/E ratio of 52.47, a P/E/G ratio of 2.06 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on NFLX. BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research note on Friday, July 18th. Wells Fargo & Company lifted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Pivotal Research restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.